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Is Commercial Wisdom undermining IBC? Experts call for relook
Tue, Aug 03, 2021
Banks have accepted haircut up to 95%, which goes against the intent of Insolvency and Bankruptcy Code (IBC)
NCLT poses tough questions to lenders and Siva Industries
Fri, Jun 18, 2021
NCLT Chennai bench today posed some really tough questions to the Resolution Professional, lenders committee and Siva Industries & Holdings while hearing the withdrawal application filed by Resolution Professional to settle the dues of banks and other lenders.
Siva Industries case: The BIG GAME of Bank, NPA and Settlement! WHY banks agreed to settle huge loan of Rs 4863 crore at just Rs 323 cr? BIG QUESTIONS RAISED!
Wed, Jun 16, 2021
Siva Industries Loan Settlement Case: Some serious allegations and questions have been raised with respect to Siva Industries and Holdings case that has grabbed the limelight.
IBC provisions: Big relief to Banks! Supreme Court says this about recovering debt from personal guarantors
Sat, May 22, 2021
Earlier, the government made some provisions in the IBC law and notified that promoters, who provide bank guarantees, will be included in the resolution process.
MSMEs alert! Insolvency law amendments - Efficient alternative resolution framework
Thu, Apr 08, 2021
Honouring the honest MSME owners!
Insolvency and Bankruptcy Code: 'IBC raised confidence of all investors in Indian economy'
Sun, Oct 25, 2020
The Insolvency and Bankruptcy Code (IBC) has not only strengthened the banking system by helping them resolve outstanding debt piled over years but has also come as a big booster of confidence of national and foreign investors in the Indian economy.
250 distressed firms rescued under insolvency law till June, says Sahoo
Fri, Sep 18, 2020
Asserting that rescuing the lives of firms is the main objective of the insolvency law, IBBI Chairperson M S Sahoo on Thursday said that around 250 distressed firms have been rescued through insolvency resolution plans till June 2020
SBI chief urges investors to take part in stressed assets sector
Fri, Sep 18, 2020
State Bank of India (SBI) Chairman Rajnish Kumar on Thursday invited investors to take part in the country's stressed assets sector. He also reiterated that the Insolvency and Bankruptcy Code (IBC) is not a recovery mechanism for lenders, but rather a means to preserve the value of enterprise
Here is why promoters of stressed companies will get more flexibility in attracting investors now
Sun, Jul 05, 2020
In order to ensure that the relaxations can be availed by genuinely stressed companies, clear criteria for a company to qualify as a stressed company have been laid down.
Big relief! No fresh insolvency to be initiated for 1 year under IBC, says FM Nirmala Sitharaman
Sun, May 17, 2020
In a bid to give relief to companies defaulting on loans due to the COVID-19 stress, Finance Minister Nirmala Sitharaman on Sunday said no fresh insolvency will be initiated for one year under the Insolvency and Bankruptcy Code.
Coronavirus Lockdown: Major relief announced for these firms
Mon, Mar 30, 2020
It's good news for companies going through insolvency under the Insolvency and Bankruptcy Code (IBC)! In a major relief , the Insolvency and Bankruptcy Board of India (IBBI) on Sunday said that the period of lockdown will not be counted within the timeline for resolution process.
SBI on how to make insolvency and bankruptcy code successful
Mon, Nov 25, 2019
SBI on IBC Code: The insolvency and bankruptcy code (IBC) 2016 has met with much success in its short period of 3 years.
IBC rules open doors for resolution of financial service providers
Sun, Nov 17, 2019
New IBC rules open doors for resolution of financial service providers. Watch this video to know more.
Centre to issue new rules to bring NBFCs under Bankruptcy Code
Wed, Nov 06, 2019
The fear that at DHFL may spill over to other non-banking finance companies (NBFC) has pushed the government to introduce fresh rules and regulations to bring even the financial sector under the purview the Insolvency and Bankruptcy Code (IBC).
Government to form IBC like mechanism for Bank and NBFC
Thu, Oct 31, 2019
Government to form IBC like mechanism for Bank and NBFC. To know more watch the video
Big boost for homebuyers! SC upholds government decision of granting financial creditors status
Fri, Aug 09, 2019
The court has also upheld the IBC Amendment with certain safeguards. Homebuyers will have a say in Committee of Creditors, and they can also initiate insolvency proceedings.
RBI's new framework to expedite resolution of stressed assets
Mon, Jun 10, 2019
The mandatory norm of inter-creditor agreement allows banks to decide resolution strategy outside the IBC and it will help lenders to accelerate process to resolve stressed assets, Sashakt committee on bad loans said Monday.
Financial, operational creditors recover nearly half of total claims in 88 insolvency cases
Mon, Apr 15, 2019
Nearly half of their total admitted claims worth over Rs 1.42 lakh crore have been recovered by financial and operational creditors from as many as 88 debt-ridden companies under the insolvency law, according to official data.
12,000 cases filed since implementation of insolvency law, setting up of NCLT: Corporate Affairs Secy
Mon, Mar 25, 2019
Cases under the code can be taken up only after approval from the tribunal, which has benches in different parts of the country. Srinivas said that personal insolvency should be approached carefully and in a planned manner.
'Effective steps' on anvil to deal with frivolous bids under IBC, says official
Tue, Feb 26, 2019
"In some cases after one year or more after settlement has taken place, the resolution applicant has failed to implement the plan. What do we do with such resolution applicants?